Group 1 - The core viewpoint of the report is that the company maintains a "Hold" rating for China Resources Mixc Lifestyle Services (01209), with the target price raised from HKD 41.1 to HKD 43 [1] - The company is projected to achieve a 12.2% year-on-year growth in core net profit for 2025, with revenue expected to increase by 6.8% [1] - The property management business revenue is anticipated to be significantly impacted by a sharp decline in value-added services, with a modest growth of only 1.4% expected [1] Group 2 - The commercial operations revenue is estimated to grow by 16.8% driven by the increase in shopping center revenue [1] - Due to the ongoing pressure on value-added services, the company's profit forecasts for 2025 to 2027 have been revised downwards by 3.4%, 6.4%, and 7.2% respectively [1]
大华继显：料华润万象生活去年核心净利润增12% 升目标价至43港元